Tuesday 25th October 2016

Resource Clips

Grayd reports Mexico Gold Assays including 0.85 g/t over 244m

Grayd Resource Corporation GYD:CA announced results from the Tarachi Gold Prospect at its La India Project in northern Mexico. Assay highlights include 0.85 g/t gold over 244 metres (including 1.21 g/t over 90 metres), 1.07 g/t over 14 metres and 0.5 g/t over 222.5 metres (including 0.95 g/t over 70.1 metres).

President/CEO Marc Prefontaine said, “These new drill results are testimony to a large gold system. Importantly, DDH-10-169 gives us a direction to drill that may allow us to start defining a resource around some of the higher grade intersections we have drilled. Mineralization is open in all directions in this area. We plan to start this systematic drilling in the middle of November using a reverse circulation drill. We also plan to continue drill-testing other areas on the property where surface sampling indicates potential for wide zones of higher grade mineralization.”

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Marc A. Prefontaine

by Ted Niles

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